Do you know what I like to see?
When any trade gets overly crowded to one side.
For just about a month now, the financial sector has ripped higher moreover, it seems like everyone is bullish on the financials.
Here’s the way I look at it.
If any trade gets overly crowded to one side, just like the financials are right now, it is often time to take the opposite side of the trade.
I believe it is highly probable that a turnaround in the financial sector, that is a move to the downside, is highly likely.
So how do we take advantage of this?
You could keep your eye on ticker XLF, the ETF which tracks financials.
You could also look at individual banks for example, Goldman Sachs, ticker GS, or Bank of America Corp. Ticker BAC.
Now, if you are thinking about betting against the financial sector in this environment be very cautious. But if I am right, there is going to be a lot of cash made when the Bears step in on the financials.
Happy trading!
Gregory Mannarino
FRIENDS, LIONS, TIGERS AND BEARS. TAKE ADVANTAGE OF THIS! 100% FREE eBook, Downloads, Chat Room, Commentary, ALL ON MY WEBSITE. Have a look! Click HERE: https://www.traderschoice.net/